Cantor told reporter the Paycheck Protection Program, is to keep people on the payroll until the health crisis is over. “If I (as a business owner) let employees go, I lose the ability to get loan forgiveness” under the program, Cantor explained.
NJBIA’s Ray Cantor shared insights with NJBIZ on how the $2.2 trillion economic stimulus package will help New Jersey businesses retain existing employees after the COVID-19 pandemic caused businesses to close. They Paycheck Protection Program and the emergency unemployment assistance provisions will help small businesses, which employ 49.8% of all New Jersey employees.
